Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.
Carnival Corporation Completes Offering of $2.03 Billion Senior Priority Notes
- Client News
- October 26, 2022
Paul, Weiss advised Carnival Corporation & plc in a Rule 144A offering of $2.03 billion aggregate principal amount of 10.375% senior priority notes maturing on May 1, 2028, issued by Carnival Holdings (Bermuda) Limited, a subsidiary of Carnival Corporation. J.P. Morgan, BofA Securities and Barclays were the joint global coordinators and book-running managers for the offering.
In connection with the offering, Carnival Corporation, Carnival plc and their subsidiaries will contribute 12 unencumbered vessels to Carnival Holdings, with each of these vessels continuing to be operated under the brands of Carnival Corporation, Carnival plc or their subsidiaries.
The Paul, Weiss team included, among others, corporate partners John Kennedy and Caith Kushner, and counsel Luke Jennings and Christopher Dickson; tax partner Brian Grieve; and executive compensation partner Lawrence Witdorchic and counsel Jake Glazeski.